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36. Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) of the Indian Rupee

Item 2020-21 2021-22 2021 2022
March February March
1 2 3 4 5
40-Currency Basket (Base: 2015-16=100)          
1 Trade-weighted          
1.1 NEER 93.92 93.71 95.01 93.74 93.31
1.2 REER 103.46 104.23 103.94 103.57 103.08
2 Export-weighted          
2.1 NEER 93.59 93.53 94.52 93.90 93.74
2.2 REER 102.96 103.59 103.37 103.06 102.66
6-Currency Basket (Trade-weighted)          
1 Base: 2015-16 = 100          
1.1 NEER 88.46 87.03 88.56 86.91 86.44
1.2 REER 101.86 102.34 101.71 101.66 101.42
2 Base: 2019-20 = 100          
2.1 NEER 93.24 91.73 93.34 91.61 91.11
2.2 REER 98.36 98.82 98.21 98.16 97.93
Note: Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2019-20 is a moving one, which gets updated every year. REER figures are based on Consumer Price Index (combined). The details on methodology used for compilation of NEER/REER indices are available in December 2005, April 2014 and January 2021 issues of the RBI Bulletin.

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